President Joe Biden said Thursday that he’s done thorough background checks on four potential successors for retiring Supreme Court Justice Stephen Breyer.
Reuters VideosWall Street sank on Thursday after U.S. inflation data came in hotter than expected, but stocks turned sharply lower following comments from Federal Reserve President James Bullard, who said the 40-year high in consumer prices made him "dramatically" more hawkish, raising fears the Fed will hike rates more aggressively.The Dow dropped a percent and a half, while the S&P fell 1.8% and the Nasdaq finished down 2.
They sort of have to walk this this tightrope, if you will, between making sure they're not too far behind the curve as it relates to controlling inflation. But on the flip side, they also don't want to appear like they're panicking that they're moving, you know, with a magnitude that's too too high... So the Fed is trying to walk this tightrope.
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